December 2010

(AMM) US drilling up, Canada plunges

The number of drills rigs running in the United States rose by five last week, led by Oklahoma (up nine), while Canadian drilling activity plunged by 189 rigs compared with the previous week.

(AMM) Tyco closes sale of 51% stake in metal products division

Tyco International Ltd. has completed the sale of a 51-percent stake in its electrical and metal products business to private equity firm Clayton, Dubilier & Rice LLC.

Brazil starts AD investigation into China-origin seamless pipe

The Brazilian government has begun an investigation into imports of China-origin seamless carbon steel tubes following a request made by V&M do Brasil, the country’s largest producer.

(AMM) ExlTube hikes structural, mechanical tubing products $40/T

ExlTube will attempt to increase prices on all structural and mechanical tubing products by a minimum of $40 per net ton effective immediately with new orders.

(AMM) HSS producers chase hot-roll coil hikes, raise tags another $40/T

North American manufacturers of hollow structural sections (HSS) are trying to play catch-up with rapidly rising hot-rolled coil prices by implementing price hikes of their own.

(AMM) Effort to enforce duties lauded by CPTI

Introducing the Enforce Act is the first step. Passing and then strongly enforcing the measure, which seeks to combat evasion on U.S. anti-dumping and countervailing duty laws, are the next steps and should be taken in short order, according to the Washington-based Committee on Pipe and Tube Imports (CPTI).

(AMM) Energy infrastructure poised to grow next year, Fitch says

Natural gas demand is expected to be flat next year compared with 2010, but production trends will drive energy infrastructure development, fed by advancements in horizontal drilling and hydraulic fracturing, Fitch Ratings Services said in an outlook report on natural gas.

(AMM) US drilling down as Canada up

The number of drill rigs running in the United States declined by 14 last week.

(AMM) Oscar joins Kelly Pipe in Chicago

Paul Oscar has joined distributor Kelly Pipe Co. as manager of its Chicago branch.

Tianjin Pipe increases seamless pipe prices to recoup higher costs

Tianjin Pipe increased its seamless prices again in December to recoup higher production costs, the mill said.